722 Shares in Lumentum Holdings Inc. $LITE Acquired by Wealthfront Advisers LLC

Posted by George Bondi on May 6th, 2026

Wealthfront Advisers LLC acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) in the fourth quarter, Holdings Channel reports. The firm acquired 722 shares of the technology company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Lumentum in the 4th quarter worth approximately $28,000. Chesapeake Asset Management LLC purchased a new stake in Lumentum in the 4th quarter worth approximately $37,000. BOCHK Asset Management Ltd purchased a new stake in Lumentum in the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC lifted its position in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Lumentum in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other news, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the transaction, the director owned 6,057 shares in the company, valued at approximately $3,243,402.36. This trade represents a 44.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares in the company, valued at $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,775 shares of company stock worth $38,851,343 over the last quarter. Company insiders own 0.43% of the company’s stock.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Q3 EPS beat and strong year‑over‑year growth: Lumentum reported $2.37 EPS (above estimates) and revenue up ~90% YoY, showing strong profitability expansion vs prior year. Lumentum (LITE) Q3 Earnings and Revenues Top Estimates
Positive Sentiment: Raised Q4 EPS guidance: Management set Q4 FY2026 EPS guidance of $2.85–$3.05, ahead of the Street, signaling continued margin strength and demand visibility. Lumentum Q3 2026 Earnings Call Transcript
Positive Sentiment: Analysts lifting targets and reiterating buys: Stifel and Loop Capital boosted price targets (to $1,100 and $1,400 respectively), reflecting bullish analyst view on AI/data‑center demand. Stifel raises PT on Lumentum Loop Capital raises PT on Lumentum
Neutral Sentiment: AI/data‑center narrative intact: Management and press emphasize AI-driven demand for optical components, which supports medium‑term revenue growth but is already priced into shares. Lumentum forecasts quarterly revenue above estimates on AI-driven demand
Negative Sentiment: Shares fell despite the beat and raised guide: Market reaction was negative — investors sold into the print, likely due to valuation concerns and very high expectations after the stock’s massive run. Lumentum shares tumble despite strong print and guide
Negative Sentiment: Revenue slightly missed consensus and profit‑taking risk: Q3 revenue ($808.4M) was a hair below the ~$810M estimate and, given LITE’s ~1,444% one‑year surge, some investors rotated out on any sign of softness. Lumentum earnings top estimates, revenue light amid AI data center boom

Lumentum Stock Up 1.9%

Lumentum stock opened at $994.56 on Wednesday. The company has a market capitalization of $71.01 billion, a P/E ratio of 305.08 and a beta of 1.53. The firm’s fifty day simple moving average is $766.66 and its 200-day simple moving average is $492.31. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a 1-year low of $60.38 and a 1-year high of $1,021.00.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.05 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. Lumentum’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts forecast that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LITE shares. Loop Capital increased their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. UBS Group increased their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Mizuho increased their target price on shares of Lumentum from $750.00 to $930.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Lumentum in a research report on Friday. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $812.71.

Get Our Latest Research Report on LITE

About Lumentum

(Free Report)

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.